M&S Says It's in Best Financial Health in Decades as Sales Rise [BNN Bloomberg (Canada)]
Victorias Secret & Co. (VSCO)
Company Research
Source: BNN Bloomberg
The clothing and homewares group reported better-than-expected pretax profit of £673 million ($857 million) last year and forecast further progress in the current financial year. It will also pay a full-year dividend of 3 pence a share — the first since 2019. M&S said both its food and clothing divisions have now delivered 12 consecutive quarters of sales growth, helped by initiatives to improve the quality and pricing of the items they sell. Cost-cutting measures and improvements in the stores and supply chain are also making operations more efficient. M&S said it ended the year with net funds of about £46 million, excluding lease liabilities, which is the best balance sheet position it's held in decades. The current turnaround of M&S, which has been fighting to improve its performance since the turn of the millennium, is being led by Chief Executive Officer Stuart Machin and Chairman Archie Norman. Past leadership teams struggled to revive sales as the retailer only slowly ad
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News
- The beautiful Adriana Lima: A look back at Victoria's Secret runway shows the model has walked in [FOX News]FOX News
- Feminine Hygiene Wash Market to hit USD 14 billion 2032, says Global Market Insights Inc. [Yahoo! Finance]Yahoo! Finance
- I love finding ways to save money, but my friends just think I'm stingy. How do I get them to be reasonable? [Business Insider]Business Insider
- Victoria's Secret & Co. (NYSE: VSCO) had its price target raised by analysts at Barclays PLC from $16.00 to $19.00. They now have an "underweight" rating on the stock.MarketBeat
- Victoria's Secret (VSCO) Q1 Earnings & Revenues Top Estimates [Yahoo! Finance]Yahoo! Finance
VSCO
Earnings
- 6/5/24 - Beat
VSCO
Sec Filings
- 6/14/24 - Form 4
- 6/14/24 - Form 4
- 6/14/24 - Form 4
- VSCO's page on the SEC website